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US dollar dives to two-month low, pound scales 15-month peaks on wage growth data

From nasdaq.com

The dollar declined to a two-month low against a major currency index on Tuesday after Federal Reserve officials signaled that the U.S. central bank is near the end of its tightening cycle, while sterling hit a 15-month high after pay growth exceeded expectations. Against the yen, the dollar fell to a four-week trough of 140.17. It last traded down 0.7% at 140.385 yen. The U.S. currency also plunged to its lowest in 2-1/2 years versus the Swiss franc, and was last at 0.8797 francs, down 0.6%. Several Fed officials said on Monday the central bank would likely need to raise interest rates further to bring down ... (full story)

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  • Category: Fundamental Analysis